first year, $1,800$ hours the second year, $2,400$ hours the third year, and $1,200$ hours the fourth year.

Read the requirements. prepared

Begin by preparing a depreciation schedule using the straight$-$line method.

$\backslash$table$[[$Date$,$Asset,Depreciation for the Year,$\backslash$table$[[$Accumulated$],[$Depreciation$]],\backslash$table$[[$Book$],[$Value$]]],[$Depreciable$,$Useful,Depreciation$],[$Cost$,$Cost,Life,Expense$],[1-2-2024[],[12-31-2024,,,,$Whe,$,],[12-31-2025,,,,,,],[12-31-2026,,,,,,],[12-31-2027,,4,,$F$.,,]]$

Requirements

Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods: straight$-$line, units$-$of$-$production, and double$-$declining$-$balance. Show your computations. Note: Three depreciation schedules must be prepared.

Which method tracks the wear and tear on the equipment most closely?

Prepare a depreciation schedule using the units$-$of$-$production method

Units$-$of$-$Production Depreciation Schedule

$\backslash$table$[[$Date$,,$Depreciation for the Year,$\backslash$table$[[$Accumulated$],[$Depreciation$]],\backslash$table$[[$Book$],[$Value$]]],[\backslash$table$[[$Asset$],[$Cost$]],\backslash$table$[[$Depreciation$],[$Per Unit$]],\backslash$table$[[$Number of$],[$Units$]],\backslash$table$[[$Depreciation$],[$Expense$]]],[1-2-2024,,,,,,],[12-31-2024,,,$MHM$,,,$IIII$],[12-31-2025,,,,,,$WI$],[12-31-2026,,,,$LNi,$[$u$,$WinT$]]$